Car Dealerships for sale in Bridgwater

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Car Dealership in Prominent Trading Location

Bridgwater, Somerset, England

  • Leasehold Price: £49,995  Price Reduced arrow_drop_down
  • Turnover: £430,365
  • Gross Profit: £128,205
Seller Reference: B05355
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Business Description
 
 
 
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Seller Reference: B05355
Request Details
Business Description
Business
Please quote reference B05355

Hilton Smythe welcomes to the market an exciting opportunity to acquire this popular & profitable used car dealership business. A relatively new business set up by the current owner in July 2013, it has now been placed on the market for sale due to ill health.

From the prominent trading location, the business offers a range of used vehicles, including small economy cars, family cars, 4x4's, commercial vehicles. All cars are prepared to the highest standards and each vehicle is thoroughly checked and sold with the option of a fully backed AA warranty and they can further offer finance, with the business being FCA regulated.

It is this first-class customer service which has resulted in the businesses excellent reputation. The business further benefits from having an excellent user-friendly website in place & further advertises on various motor trader websites. All this has led to an enviable reputation with many loyal repeat customers within the local area and from across the UK.

There is scope to increase turnover with additional opening hours of the business along with the possible integration of a servicing & valeting service, in addition to the possible undertaking of a robust national & localised marketing campaign to highlight the products & services available.

The business trades on its reputation for service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment

Location
Concorde Motors is situated in the town of Bridgwater. Bridgwater is a large historic market town and civil parish in Somerset, England.

Its population currently stands at around 35,886 as of 2011. Bridgwater is at the edge of the Somerset Levels; the town lies along both sides of the River Parrett. Very easy access is gained to all surrounding areas via the nearby M5.

Premises
Concorde Motors occupies substantial premises well maintained.

Equipment:


  • Diagnostic equipment.

  • 2 post lift.

  • Tire changer.

  • Tire racking.

  • All office equipment.



Tenure
We are advised the business is being sold as a Leasehold.

Original lease length: 5 years.

Remaining lease length: 2 years as of 2019.

Rent: £12,000 per annum. No Business Rates.

Hours
Monday- 10am-5pm
Tuesday- 10am-5pm
Wednesday- 10am-5pm
Thursday- 10am-5pm
Friday- 10am-5pm
Saturday- 10am-5pm
Sunday- Closed


Staff
Run by the vendor with the help of two part time and two full time members of staff.

 

Financial Profile
Concorde Motors generated an advised turnover of circa £430,365 as of the 2020 accounts, with a Net profit £74,471.

Please quote reference B05355

Tenure:
Leasehold
Listed by:
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